Southwest Airlines Co. canceled more than two-thirds of its flights Monday and plans to slash its schedules Tuesday and Wednesday, in a meltdown that stranded thousands of customers and that worsened while other airlines Read more
Tag: Alternative Investments
Saudi crown prince set to invest in Credit Suisse’s new investment bank
Saudi Arabia’s crown prince and a U.S. private-equity firm run by Barclays PLC’s former chief executive are among investors preparing to invest $1 billion or more into Credit Suisse’s CSGN, +6.81% Read more
COP27: U.S. on the hook to pay for pollution; natural gas deemed transition fuel
For the first time ever, rich nations, including a top-polluting U.S., will pay for the climate-change damage inflicted upon poorer nations. These smaller economies are often the source of the Read more
Credit Suisse strikes deal to sell securitized-products group to Apollo
Credit Suisse Group AG has entered into definitive transaction agreements to sell a large part of its securitized-products group and other financing businesses to Apollo Global Management Inc. as it Read more
Opinion: Plan for the worst-case scenario of lower expected Social Security payments by finding income elsewhere
If your retirement date falls after 2034, the current estimate of your future Social Security benefits may not hold up. That’s when the government fund that sends out the monthly Read more
Softbank discloses $100 million investment in FTX but mostly avoids crypto bets
SoftBank on Friday disclosed a $100 million venture capital investment in crypto broker FTX and said it would not face a material markdown in the value of it stake in Read more
FTX-Binance ordeal has not shaken venture capital confidence in crypto industry
Venture capitalists and investors are rethinking what it means to invest in crypto companies after a possible deal between two of the world largest crypto exchanges, FTX and Binance, collapsed Read more
FTX problems mean big headaches for its private equity investors
Privately-held FTX’s pending sale to its rival Binance could suck out billions in net worth not only from FTX founder Sam Bankman-Fried’s fortune, but also a deep bench of blue Read more
The 10 most influential investors in the market today
With stocks and bonds both plunging in 2022, it has been a difficult year for investors. Amid the bear market, the trades and moves of some investors have stood out. Read more
Walgreens subsidiary nears $9 billion deal to merge with Summit Health
A unit of Walgreens Boots Alliance Inc. WBA, +3.72% is nearing a deal to combine with a big owner of medical practices and urgent-care centers in a transaction worth roughly $9 billion Read more